Donnelly Group reports increased £5.9m profit despite industry challenges
Donnelly Group, Northern Ireland’s leading independent motor retailer has reported a pre-tax profit of £5.9m according to the latest accounts filed at Companies House for the year ending 31 December 2021.
The figures represent a significant improvement of £4.5m on the previous year.
Turnover was recorded at £264.4m for the period, up from £252.4m in 2020.
The results follow a period of considerable change and uncertainty within the automotive industry fuelled by economic and supply chain issues.
Dave Sheeran, Managing Director at Donnelly Group said:
“Our directors are extremely satisfied with the Donnelly Group’s 2021 financial results. The significant profit increase recorded is largely owing to the robust planning strategy implemented by the company in response to the coronavirus pandemic.
“We are confident that Donnelly Group and its subsidiaries will continue to demonstrate resilience and successfully navigate the challenges facing the automotive industry.
“In line with Donnelly Group’s business development plans we have embarked on a three-year strategic plan which takes into consideration current market dynamics and will position the company to exploit further growth opportunities.
“During 2021 we relocated our Honda franchise to a new purpose-built facility on Boucher Road and completed the purchase of the Bangor site representing Citroen and Motorstore.
“These developments serve to further strengthen Donnelly Group’s relationship with our manufacturing partners and will undoubtedly prove integral to our ongoing and future success.”
The Donnelly Group partners with 16 leading vehicle manufacturers including Honda, Jaguar, Land Rover, Renault, Vauxhall and Volkswagen selling both new and used cars, vans and pickups from its nine locations across Northern Ireland.